IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i23p6667-d290791.html
   My bibliography  Save this article

Improving the Strategic Management of Investment Activities of Industrial Enterprises as a Factor for Sustainable Development in a Crisis

Author

Listed:
  • Vladimir Zhuravlyov

    (Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia)

  • Tatyana Khudyakova

    (Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia)

  • Natalia Varkova

    (Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia)

  • Sergei Aliukov

    (Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia)

  • Svetlana Shmidt

    (Department of Mathematics and Computer Science, Saint Petersburg State University, 199034 Saint Petersburg, Russia)

Abstract

This article discusses the problem of improving the strategic management of sustainable development in industrial enterprises in Russia. The shortcomings of the strategic management of industrial enterprises are due to the fall in the growth rates of the world and domestic economy, international sanctions, and the specifics of the development of socio-economic relations in the Russian Federation. The main problem of the research is related to the imperfection of the strategic management of the investment policy of the enterprise, which leads to a slowdown in the development of the company and a decrease in competitiveness. The main goal of the presented research is to develop proposals for improving the strategic management model for the development and implementation of investment strategies of an industrial enterprise. Based on the analysis of theoretical sources, gaps in research related to the topic and objectives of this work are highlighted. The methodological base of the research is determined, the basis of which are: system theory, systematic approach to managing a company’s sustainable development, theory and practice of modeling, strategic management, investment design. The improved model is proposed, which determines the interdependence of the strategic management of investment policy and the sustainable economic development of the company, presents the algorithm for managing the process of developing investment strategies in an industrial enterprise. This mechanism takes into account the main indicators of sustainable development of an industrial enterprise. There are proposals to improve the management model of insurance reserves of the company, reflecting the strategic aspects of investment activities necessary for the successful implementation of the course on sustainable development in an industrial company. The obtained results were tested by a number of Russian enterprises, which led to positive results of their activities, contributed to more sustainable development and strengthening of competitive positions.

Suggested Citation

  • Vladimir Zhuravlyov & Tatyana Khudyakova & Natalia Varkova & Sergei Aliukov & Svetlana Shmidt, 2019. "Improving the Strategic Management of Investment Activities of Industrial Enterprises as a Factor for Sustainable Development in a Crisis," Sustainability, MDPI, vol. 11(23), pages 1-20, November.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:23:p:6667-:d:290791
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/23/6667/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/23/6667/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bo-Young Heo & Won-Ho Heo, 2019. "Economic Analysis of Disaster Management Investment Effectiveness in Korea," Sustainability, MDPI, vol. 11(11), pages 1-13, May.
    2. Moid U. Ahmad & James Murray, 2019. "Understanding the connect between digitalisation, sustainability and performance of an organisation," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 17(1), pages 83-96.
    3. Nataliya Dalevska & Nataliya Dalevska & Valentyna Khobta & Valentyna Khobta & Aleksy Kwilinski & Aleksy Kwilinski & Sergey Kravchenko & Sergey Kravchenko, 2019. "A model for estimating social and economic indicators of sustainable development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1839-1860, June.
    4. Vladimir Zhuravlyov & Natalia Varkova & Sergei Aliukov & Tatyana Khudyakova, 2018. "Strategic Aspects of Ensuring Sustainable Development of Gold Enterprises of the Russian Federation," Sustainability, MDPI, vol. 10(12), pages 1-18, November.
    5. Mohammad Sadegh Sanie & Fatemehsadat Mousavifard & Abdolhossein Ayoubi, 2016. "The effect of automated information system on efficiency and innovation," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 12(2), pages 169-179.
    6. Ming-Lang Tseng & Phan Anh Tan & Shiou-Yun Jeng & Chun-Wei Remen Lin & Yeneneh Tamirat Negash & Susilo Nur Aji Cokro Darsono, 2019. "Sustainable Investment: Interrelated among Corporate Governance, Economic Performance and Market Risks Using Investor Preference Approach," Sustainability, MDPI, vol. 11(7), pages 1-15, April.
    7. Galina Shevchenko & Leonas Ustinovichius & Dariusz Walasek, 2019. "The Evaluation of the Contractor’s Risk in Implementing the Investment Projects in Construction by Using the Verbal Analysis Methods," Sustainability, MDPI, vol. 11(9), pages 1-18, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sergei Aliukov & Jan Buleca, 2022. "Comparative Multidimensional Analysis of the Current State of European Economies Based on the Complex of Macroeconomic Indicators," Mathematics, MDPI, vol. 10(5), pages 1-29, March.
    2. Anatoliy Alabugin & Sergei Aliukov & Tatyana Khudyakova, 2022. "Review of Models for and Socioeconomic Approaches to the Formation of Foresight Control Mechanisms: A Genesis," Sustainability, MDPI, vol. 14(19), pages 1-19, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tatyana Khudyakova & Vladimir Zhuravlyov & Natalia Varkova & Sergei Aliukov & Svetlana Shmidt & Nicolay Zhuravlyov, 2020. "Improving Approaches to Strategic Enterprise Management in the Context of Sustainable Development," Sustainability, MDPI, vol. 12(20), pages 1-20, October.
    2. Tatyana Khudyakova & Andrey Shmidt & Svetlana Shmidt, 2019. "Implementation of controlling technologies as a method to increase sustainability of the enterprise activities," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1185-1196, December.
    3. Preeti Sharma & Priyanka Panday & R. C. Dangwal, 2020. "Determinants of environmental, social and corporate governance (ESG) disclosure: a study of Indian companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(4), pages 208-217, December.
    4. Aleksandra Kuzior & Aleksy Kwilinski & Ihor Hroznyi, 2021. "The Factorial-Reflexive Approach to Diagnosing the Executors’ and Contractors’ Attitude to Achieving the Objectives by Energy Supplying Companies," Energies, MDPI, vol. 14(9), pages 1-16, April.
    5. Grzegorz Kinelski & Jakub Stęchły & Piotr Bartkowiak, 2022. "Various Facets of Sustainable Smart City Management: Selected Examples from Polish Metropolitan Areas," Energies, MDPI, vol. 15(9), pages 1-23, April.
    6. Inese Mavlutova & Andris Fomins & Aivars Spilbergs & Dzintra Atstaja & Janis Brizga, 2021. "Opportunities to Increase Financial Well-Being by Investing in Environmental, Social and Governance with Respect to Improving Financial Literacy under COVID-19: The Case of Latvia," Sustainability, MDPI, vol. 14(1), pages 1-25, December.
    7. Xiao-Guang Yue & Yan Han & Deimante Teresiene & Justina Merkyte & Wei Liu, 2020. "Sustainable Funds’ Performance Evaluation," Sustainability, MDPI, vol. 12(19), pages 1-20, September.
    8. Radosław Miśkiewicz, 2020. "Efficiency of Electricity Production Technology from Post-Process Gas Heat: Ecological, Economic and Social Benefits," Energies, MDPI, vol. 13(22), pages 1-15, November.
    9. Tetyana Vasylieva & Oleksii Lyulyov & Yuriy Bilan & Dalia Streimikiene, 2019. "Sustainable Economic Development and Greenhouse Gas Emissions: The Dynamic Impact of Renewable Energy Consumption, GDP, and Corruption," Energies, MDPI, vol. 12(17), pages 1-12, August.
    10. Serhiy Lyeonov & Tetyana Pimonenko & Yuriy Bilan & Dalia Štreimikienė & Grzegorz Mentel, 2019. "Assessment of Green Investments’ Impact on Sustainable Development: Linking Gross Domestic Product Per Capita, Greenhouse Gas Emissions and Renewable Energy," Energies, MDPI, vol. 12(20), pages 1-12, October.
    11. Oleksii Lyulyov & Tetyana Pimonenko & Aleksy Kwilinski & Henryk Dzwigol & Mariola Dzwigol-Barosz & Vladyslav Pavlyk & Piotr Barosz, 2021. "The Impact of the Government Policy on the Energy Efficient Gap: The Evidence from Ukraine," Energies, MDPI, vol. 14(2), pages 1-13, January.
    12. O.Yu. Voronkova & E.G. Perepechkina & R.A. Shichiyakh & V.I. Kuts & P.A. Sungurov & G.V. Glazkova, 2019. "Ecological and Economic Potential and Prospects for Organic Production in the Regions of Russia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 583-594.
    13. Qiuxing Chen & Qiaozhu Chi & Yang Chen & Oleksii Lyulyov & Tetyana Pimonenko, 2022. "Does Population Aging Impact China’s Economic Growth?," IJERPH, MDPI, vol. 19(19), pages 1-15, September.
    14. Yurii Kharazishvili & Aleksy Kwilinski & Oleksandr Sukhodolia & Henryk Dzwigol & Dmytro Bobro & Janusz Kotowicz, 2021. "The Systemic Approach for Estimating and Strategizing Energy Security: The Case of Ukraine," Energies, MDPI, vol. 14(8), pages 1-30, April.
    15. Huijie Li & Jie Li, 2021. "Risk Governance and Sustainability: A Scientometric Analysis and Literature Review," Sustainability, MDPI, vol. 13(21), pages 1-18, October.
    16. Ahmad AlHarbi & Wafa Sbeiti & Moid Ahmad, 2024. "Money Supply, Banking and Economic Growth: A Cross Country Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 14(2), pages 234-242, March.
    17. Sisi Zheng & Shanyue Jin, 2023. "Can Enterprises in China Achieve Sustainable Development through Green Investment?," IJERPH, MDPI, vol. 20(3), pages 1-25, January.
    18. Mariano Méndez-Suárez & Abel Monfort & Fernando Gallardo, 2020. "Sustainable Banking: New Forms of Investing under the Umbrella of the 2030 Agenda," Sustainability, MDPI, vol. 12(5), pages 1-13, March.
    19. Yana Us & Tetyana Pimonenko & Oleksii Lyulyov & Yang Chen & Tatjana Tambovceva, 2022. "Promoting Green Brand of University in Social Media: Text Mining and Sentiment Analysis," Virtual Economics, The London Academy of Science and Business, vol. 5(1), pages 24-42, April.
    20. Zoltán Csedő & József Magyari & Máté Zavarkó, 2022. "Dynamic Corporate Governance, Innovation, and Sustainability: Post-COVID Period," Sustainability, MDPI, vol. 14(6), pages 1-21, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:11:y:2019:i:23:p:6667-:d:290791. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.